MONETARY AUTHORITY OF SINGAPORE ASKS WIRE CARD TO PULL BACK ITS OPERATIONS FROM SINGAPORE

HIGHLIGHTS

The Monetary Authority of Singapore (MAS) has coordinated troubled German firm Wirecard to stop their payment gateways in Singapore and to restore every one of clients' assets by Oct 14.

In a news discharge on Wednesday (Sep 30), MAS said the move was "in light of a legitimate concern for general society" and that it "gives the best assurance to clients".

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MONETARY AUTHORITY OF SINGAPORE ASKS WIRE CARD TO PULL BACK ITS OPERATIONS FROM SINGAPORE

Published On 30 Sep 2020 01:05 PM

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